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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (4529)	2/13/2001 6:00:23 PM
From: Jenna	Read Replies (3) \| Respond to of 6445

JDS Uniphase warns Q3 earnings to fall short of forecast SDLI Trades at a Premium PE Multiple of 107.1 times, vs. the 25.5 times average multiple at which the Semiconductors SubIndustry is priced. marketgems.com If you are going to have a short fall than how can you justify trading at such a high multiple? This is just an opinion and for disclosure I am in SDLI and CIEN puts.. so do your own dd. San Jose, Calif., Feb 13 (Reuters) - JDS Uniphase (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news), the world's top supplier of fiber-optic components, warned on Tuesday that earnings for the third quarter ending March 31 would fall short of Wall Street expectations by some 19 percent. The company expects to post sales of about $1 billion in the quarter -- a number in line with consensus forecasts -- but warned of ``continued uncertainty'' in capital spending plans by telecommunications carriers and customer inventory adjustments. JDS Uniphase, which has completed its merger with SDL, Inc. (NasdaqNM:SDLI - news), said it would post earnings per share of 17 cents. Analysts on average had forecast earnings of 21 cents per share, according to First Call/Thomson Financial. The company said it is experiencing ``a lower level of near-term sales visibility'' than it has in recent quarters. On Monday, the company's merger with rival SDL, Inc. (NasdaqNM:SDLI - news) was approved by shareholders of both companies. JDS Uniphase shares were down over 5 percent on the Nasdaq to close Tuesday at $38-1/2. The slide in the share accelerated after the company said it would announce revised guidance for the quarter today.